### Question details

Anne sold her home for \$290,000 in 2015. Selling expenses were \$17,400.
\$ 10.00

Anne sold her home for \$290,000 in 2015. Selling expenses were \$17,400. She purchased it in 2009 for \$200,000. During the period of ownership, Anne had done the following:

Deducted \$50,500 office-in-home expenses, which included \$4,500 in depreciation.

Deducted a casualty loss in 2011 for residential trees destroyed by a hurricane. The total loss was \$19,000 (after the \$100 floor and the 10%-of-AGI floor), and Anne's insurance company reimbursed her for \$13,500.

Paid street paving assessment of \$7,000 and added sidewalks for \$8,000.

Installed an elevator for medical reasons. The total cost was \$20,000, and Anne deducted \$13,000 as medical expenses.

What is the amount that Anne realized on the sale? \$

What is the adjusted basis of Anne's home? \$

Anne's realized SelectgainlossCorrect 3 of Item 1 on the sale is \$.

### Solutions

Available solutions
• Anne sold her home for \$290,000 in 2015. Selling expenses were \$17,400.
\$10.00

Ann

Submitted on: 02 Oct, 2017 09:43:07 This tutorial has not been purchased yet .
Attachment: Solution.docx